ALL3MEDIA INTERNATIONAL LIMITED
Company number: 03203247
Reporting period:
1 July 2023 to
31 December 2023
This report was filed on 29 January 2024
and approved by Angela McMullen
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 42%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 32%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The most common standard terms for corporate suppliers are 30 days. Prices/Fees, (including VAT, if applicable) are paid within 30 days of receipt of an appropriate invoice following delivery of the goods or services.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Standard payment terms for all new and existing suppliers is 30 days. Four key suppliers representing around 25% of the company's invoices have a term of 60 days.
Any other information about payment terms
Standard payment terms for all new and existing suppliers is 30 days. Four key suppliers representing around 25% of the company's invoices have a term of 60 days.
Dispute resolution process
Parties disputing an invoice are encouraged in the first instance to contact purchase.ledger@all3media.com with details of their concerns. The party disputing will then receive a response within 10 workings days of receipt of their email by the company. If after this period they feel their concerns have not been addressed they may request for their query to be escalated to the company's Head of Finance.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No